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Beef prices: Another day, another record

Wholesale beef prices continue to rise at a feverish pace, as Thursday’s National Daily Cattle and Beef Summary shows the Choice cutout averaging $228.79 per hundredweight and Select at $225.51. The day-to-day increases were $4.17 and $3.60 for Choice and Select accordingly.

A week earlier, on January 9, the Choice cutout averaged $212.05 per hundredweight and Select averaged $209.05.The report estimates week-to-date steer and heifer slaughter at 473,000 head, compared with 500,000 for the same period last year.The report also shows live steer sales this week averaging $141.79 per hundredweight and heifers averaging $141.96